Over the next decade, [They] want to cut $389 billion from Medicare, the public health insurance program for seniors. Over the same period, [Their] budget puts $735 billion less toward Medicaid, which benefits Americans too poor to afford private insurance. Discretionary spending on domestic programs is also reduced by $923 billion. - HuffPo

To quote a commenter on HuffPo,

"...As teachers are fired, collective bargaining rights stripped, and countless American towns and cities [see: Detroit] transformed into third-world ghost towns, we lend Gaddafi and company billions at near-zero interest rates. "Sorry if you can't feed, clothe, or shelter your kids, but we just ain't got no money." Uh, right.

The most important thing we must all keep in mind is the following premise; this is intentional. You don't "accidentally" turn your back on the nation's homeowners and then lend billions/trillions to foreign dictators, corporations, and hedge funds ...You do this intentionally. As a matter of policy. You intentionally shower the already-rich with more riches, and suck the life out of the lifeless.

Before I turn this into an unreadable ramble, I'll say just on more thing. If you want to see the future of America, look to the nations who have already received the Washington-imposed IMF/World Bank treatment. They received the treatment at gunpoint, we are receiving it slightly more gradually due to that darn Constitution and that silly necessity to abide by (at least, appear to abide by) the rule of law. A handful of mega-billionaires, crumbling infrastructure, degraded public institutions, a militarized and increasingly brutal police force, and an oppressed people."